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An announcement from Modern Land (China) Co., Ltd. ( (HK:1107) ) is now available.
Modern Land (China) Co., Ltd. announced that non-executive director Han Shuchang has resigned from the board with effect from 16 January 2026, following the disposal by China Cinda (Hong Kong) Asset Management Limited of its entire shareholding in the company. As China Cinda HK’s stake has fallen below 5%, it has lost its contractual right to nominate a director, prompting Han’s departure; the company noted there is no disagreement between Han and the board, no outstanding claims, and confirmed the board now comprises seven directors, maintaining governance stability despite the exit of a former significant shareholder’s nominee.
More about Modern Land (China) Co., Ltd.
Modern Land (China) Co., Ltd. is a Hong Kong-listed property developer focused on the Chinese real estate market, where it engages in the development and sale of residential and commercial properties.
YTD Price Performance: -7.14%
Average Trading Volume: 24,789,844
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$36.33M
See more insights into 1107 stock on TipRanks’ Stock Analysis page.